D.A. Davidson & CO. Lowers Stock Holdings in Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM)

D.A. Davidson & CO. reduced its stake in Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) by 1.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,668 shares of the company’s stock after selling 329 shares during the period. D.A. Davidson & CO.’s holdings in Invesco S&P SmallCap Value with Momentum ETF were worth $1,017,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Howe & Rusling Inc. bought a new stake in shares of Invesco S&P SmallCap Value with Momentum ETF in the third quarter valued at about $26,000. FMR LLC increased its position in Invesco S&P SmallCap Value with Momentum ETF by 11.5% during the 3rd quarter. FMR LLC now owns 1,902 shares of the company’s stock valued at $105,000 after purchasing an additional 196 shares during the period. Sheets Smith Wealth Management bought a new stake in shares of Invesco S&P SmallCap Value with Momentum ETF in the 3rd quarter valued at about $206,000. Financial Advocates Investment Management purchased a new stake in shares of Invesco S&P SmallCap Value with Momentum ETF in the 3rd quarter worth approximately $228,000. Finally, Schrum Private Wealth Management LLC bought a new position in shares of Invesco S&P SmallCap Value with Momentum ETF during the third quarter valued at approximately $244,000.

Invesco S&P SmallCap Value with Momentum ETF Stock Down 1.9 %

Shares of XSVM stock opened at $53.32 on Monday. The firm has a market cap of $757.14 million, a price-to-earnings ratio of 8.08 and a beta of 1.09. Invesco S&P SmallCap Value with Momentum ETF has a 52-week low of $50.79 and a 52-week high of $61.40. The company’s 50 day moving average is $54.83 and its 200 day moving average is $55.45.

About Invesco S&P SmallCap Value with Momentum ETF

PowerShares Fundamental Pure Small Value Portfolio (the Fund), formerly PowerShares Dynamic Small Cap Value Portfolio, is based on the RAFI Fundamental Small Value Index (Index). The Fund focuses to invest at least 90% of its total assets in the securities that comprise the Index. The Index is consisted of common stocks of small value the United States companies, including real estate investment trusts (REITs), from a universe consisted of the 2,500 the United States companies.